Maxis Communications has chosen Goldman Sachs, Credit Suisse and CIMB to advise it on a planned US$2 billion listing on the Bursa Malaysia.
The listing is said to be one of the biggest in Southeast Asia over the last few years, the public offering of raising is said to be possibly more than USD 2billion shares and is likely to take place by the end of this year.
IPOs has spring back to life in major Asian markets due to booming markets, led by the Shanghai Exchange Market , China.
Maxis' move comes after Prime Minister Datuk Seri Najib Razak had seek the re-listing of Maxis on Bursa Malaysia to boost liquidity and draw in investors to Southeast Asia's most laggard stock market so far this year.
The relisting of Maxis in the local stock exchange is expected to create some sort of excitement as Maxis stocks has been the preferred stocks for both local and foreign investors.
Goldman Sachs, Credit Suisse and CIMB declined to comment on the share sale plans. as the sources declined to be identified because details of the deal are not public.
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